Rockland Trust Co. reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,344 shares of the railroad operator’s stock after selling 986 shares during the period. Union Pacific Corporation accounts for about 2.1% of Rockland Trust Co.’s investment portfolio, making the stock its 14th largest holding. Rockland Trust Co.’s holdings in Union Pacific Corporation were worth $13,542,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of UNP. AQR Capital Management LLC lifted its position in Union Pacific Corporation by 212.5% during the 1st quarter. AQR Capital Management LLC now owns 2,387,750 shares of the railroad operator’s stock valued at $252,911,000 after acquiring an additional 1,623,701 shares during the period. American Century Companies Inc. lifted its position in Union Pacific Corporation by 102.4% during the 1st quarter. American Century Companies Inc. now owns 2,450,688 shares of the railroad operator’s stock valued at $259,577,000 after acquiring an additional 1,239,636 shares during the period. Harbour Capital Advisors LLC lifted its position in Union Pacific Corporation by 11,520.3% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,127,981 shares of the railroad operator’s stock valued at $10,357,000 after acquiring an additional 1,118,274 shares during the period. Prudential Financial Inc. lifted its position in Union Pacific Corporation by 82.9% during the 1st quarter. Prudential Financial Inc. now owns 2,223,820 shares of the railroad operator’s stock valued at $235,547,000 after acquiring an additional 1,007,720 shares during the period. Finally, OMERS ADMINISTRATION Corp purchased a new position in Union Pacific Corporation during the 1st quarter valued at about $92,495,000. 78.37% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on UNP. J P Morgan Chase & Co lifted their price target on shares of Union Pacific Corporation from $106.00 to $113.00 and gave the company a “neutral” rating in a research report on Thursday. BMO Capital Markets reissued a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a research report on Friday, August 11th. Wolfe Research cut shares of Union Pacific Corporation from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Morgan Stanley lowered shares of Union Pacific Corporation from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $102.00 to $100.00 in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $113.36.
Union Pacific Corporation (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.39 by $0.06. The firm had revenue of $5.25 billion during the quarter, compared to analyst estimates of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. Union Pacific Corporation’s revenue was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $1.17 EPS.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Thursday, August 31st were issued a $0.605 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $2.42 annualized dividend and a yield of 2.13%. Union Pacific Corporation’s dividend payout ratio (DPR) is presently 43.84%.
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Union Pacific Corporation Profile
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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